The UK government is planning one of the biggest shake-ups of counter-terrorism legislation in a decade. Home Secretary Theresa May is planning to prohibit insurers from reimbursing ransoms paid out to…

Millions of people around the world rely on money transfer operators to send funds to their families.
Gregory Wake/FlickrNovember 21, 2014

Next week, Australian bank Westpac will become the last of the big four banks to stop serving money transfer operators, amid concerns about breaching laws on money laundering and terrorist financing. There…